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a real budget cut. the u.s. postal service says it's ready to stop saturday delivery beginning this summer. it will save them $2 billion. unfortunately it's losing $16 billion a year. it's a start. more budget cuts may be coming. house speaker john boehner saying today he won't bail out the president when it comes to the sequester budget cut. and eric cantor says the spending cut sequester is going through. i will talk to mr. cantor in a little while. the u.s. and global stock market continues. japan is up 32%. first up this evening, neither snow nor rain nor saturday. the post master general today announcing the postal service will stop saturday letter deliveries. take a listen. >> a typical large organization would have either cash on hand or borrowing ability. two months worth of cash to cover operating costs. in october this year the postal service had less than four days of cash on hand. that's a scary situation. it's no situation that a business should be in. >> all right. sounds like it's time to close up shop all together and privatize the post office. four days of cash
president obama's re-election. and it looks like electoral chaos in italy. nobody better to tell us than sima. >> the dow jones industrial went from hitting a five-year high to a one-month low all in the same day. looks walk through this volatile day. we started out with a rally on wall street. strong earnings from lows initially providing a nice left to equities, but then results from the italian election started to trickle in, showing no clear winner. further points returning to results that would be inconclusive, which means italians would potentially have to vote again. u.s. ten-year yield moving lower as investors looked for safety in wake of the italian election. the fear index saw its biggest daily gain in over a year, indicating that fear is back in the game. the dow jones industrial ending the day with a triple-digit loss. clearly this italian election is testing investor sentiment, indicating that not only is the eurozone debt crisis not behind us, but it might take longer than expected to resolve the longer the italian election takes, the longer the push for reform and austeri
just let fedex help us to expand to new markets? hmm gotta admit that's better than a few "likes." i don't have the door code. who's that? he won a contest online to be ceo for the day. how am i supposed to run a business here without an office?! [ male announcer ] fast, reliable deliveries worldwide. fedex. [ male announcer ] fast, reliable deliveries worldwide. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. clamp. glitter. [ male announcer ] staples makes it easier to get everything your business needs. even custom banners. and now get 50% off banners and posters. staples. that was easy. >>> i like to say there is always a bull market somewhere. i promise to try to find it just >>> good evening, everyone. i'm layer ear kudlow. this is the "kudlow report." the democrats led by harry reid are finally coming out wi
jobless claims really makes this an untimely end for the jobs council. here now to talk to us about it is senator moran. you were working with the jobs council, were you not? >> absolutely. and i think they have a collection of very valuable members of the business community with expertise that members of congress both republicans and democrats found valuable. they relied upon it. they had credibility. and while they haven't met for a year and while i'm always interested in getting rid of unnecessary government bureaucra bureaucracies, commissions and committees, this is one that i think could be very helpful, has been very helpful and i am disappointed the see it come to an end. >> but i thought this really was just kind of show horse stuff. window dressing stuff. trying to say to the public hey, i really don't think they're all fat cat bankers, some of these are good businessmen. i mean, i never saw some major substance come out of this. >> well, i would say that this is evidence one more time of the president appointing a commission, appointing a committee, and then not even util
.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. >>> i'd like to say there's a bull market somewhere. i promise to find it just for you. right here on "mad money." i'm jim cramer. and i will see you tomorrow. >>> good evening, everyone. i'm larry kudlow. this is "the kudlow report." the holy father pope benedict xvi announced he will abdicate at the end of this month. health concerns and his worry that he will not be able to adequately lead the world's catholics are the main reasons why. is this a lesson to the world's politicians and ceos? i say you bet it is. >>> also tonight, president obama's state of the union address tomorrow night supposed to be about improving the economy and saving jobs. but i'm hearing tax increases. do they have any faith in this white house? what are they worried about? and can the stock market rally continue if wa
sequester would disrupt the life of the nation. but scott, rasmussen polling is telling us 60% of the people want across the board spending cuts and believe that lower spending is the key to the economy. we've got ourselves smart voters and a dumb white house? is that possible? >> well, president obama has said we need a balanced approach. the only balance he seems to be interested in is raising revenues. and voters get that. when obama got elected he ran with a campaign plank of turning around the economy with a balanced approach, with meaningful cuts and some sort of at least faint turning around some of these entitlements programs. he's done nothing of the kind and people are seeing it. they're look at this 2% gdp growth as a new normal, larry. >> new normal. not producing enough jobs. hang on. we'll see you later on. >>> the snow could not knock stocks down today or even dent this rally. woe finished higher again. the s & p even touched another 5-year high. but what about apple's cash? and what about the threat of a world currency war? we're going have to talk about that all next up. >>>
Search Results 0 to 5 of about 6